Cleveland Appraisal Blog
NOVEMBER 3, 2022
Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. So what can we do? Half my work is non-lending work, and that’s been a blessing. Mortgage lending work is only one type of business where appraisals are needed.
Sacramento Appraisal Blog
NOVEMBER 8, 2022
Sellers have been saying goodbye to some of the equity they gained during the past couple of years. In Sacramento, we’ve actually lost 40% of the pandemic gains since May. Today I want to talk about price trends, and I hope this is helpful – whether you’re local or not. Skim quickly or digest slowly. […]. The post Saying goodbye to pandemic home price gains first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
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Housing Wire
NOVEMBER 28, 2022
Economic reports over the Thanksgiving holiday paint a complicated picture of what’s happening, and where we are on recession watch. The big economic surprise was the strength of Black Friday sales, where consumers spent a record $9.12 billion online. Another surprise was the Atlanta Fed’s forecast of 4.3% GDP growth in the fourth quarter, since the Atlanta Fed data was used by many to say that the U.S. went into a recession earlier in the year.
Eyes on Housing
NOVEMBER 23, 2022
New home sales rebounded in October despite higher mortgage rates, likely due to low existing home inventory and builders using incentives to attract buyers to the new home market. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in October at a 632,000 seasonally adjusted annual pace, which is.
GoForrmz
NOVEMBER 9, 2022
GoFormz was selected as a Top Tech Firm in the construction industry. Now in its 20th year of publication, Construction Executive is the leading trade magazine about the business of construction. In its most recent issue, CE published a comprehensive list of The Top Construction Technology Firms ™ – and GoFormz made the list! How Construction Executive’s Top Tech Firm List was Formed CE developed The Top Construction Technology Firms™ list by asking hundreds of firms that provide technology and
Kairos Appraisal Services
NOVEMBER 3, 2022
The ACE+ Property Data Report is a new component that could allow borrowers on Freddie Mac–eligible loans to avoid a full appraisal inspection on purchases or cash-out or rate-term refinances. Instead, property information is collected on-site by a real estate agent, inspector, or data collector using Freddie Mac’s proprietary PDR data sets. When the ACE+… The post The Risks and Rewards of ACE+ PDRs appeared first on Kairos.
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Mashvisor
NOVEMBER 16, 2022
Inflation went up slightly month-over-month in October 2022. It means inflation may be slowing down, but how does it affect investors?
Housing Wire
NOVEMBER 17, 2022
The best way to fight inflation is to add more supply, and when I look at the housing completion data for the past two years, it just makes me want to puke. In previous expansions, builders’ housing completion data would move in line with housing starts and permits. However, for the first time in recent modern-day history — due to supply chain issues and other factors — housing completion data has lagged behind housing permits and starts.
Eyes on Housing
NOVEMBER 21, 2022
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building expanded during the third quarter of 2022 despite broader market weakness. There were 59,000 total custom building starts during the third quarter of the year. This marks a 5% increase compared to the third quarter of 2021 in terms of year-over-year change.
Lamacchia Realty
NOVEMBER 15, 2022
Lisa Gray has officially qualified for the 2022 Lamacchia Realty President’s Club by surpassing $16,000,000 in sales volume! This is Lisa’s first time achieving this accomplishment, and it is incredibly well deserved! Lisa is a hardworking REALTOR ® licensed in both MA and NH. Lisa’s passion is helping and giving back, and she loves building long-lasting relationships with her clients.
Eppraisal
NOVEMBER 29, 2022
In parts one and two of this series on affordable housing, we discovered that landlords could create a lucrative business when opening units up to low-income tenants. We further explored what sort of accountability those property owners assumed with the local housing authority. A third element of this arrangement relates to those individuals and families that qualify for tenancy in such units.
BiggerPockets
NOVEMBER 30, 2022
If you are looking for a tactical investing roadmap on what medium-term rentals are and how to get started right away, 30-Day Stay: The Real Estate Investor’s Guide to Mastering […].
Clear Capital
NOVEMBER 29, 2022
Today, we’re thrilled to announce the launch of Interactive ClearAVM (automated valuation model). This enhanced version of ClearAVM is an optional add-on that will provide customized AVMs in real-time based on user-made adjustments to a property’s key characteristics and including condition. ClearAVM is an AI-based, investment-grade AVM that produces reliable, highly-accurate market value predictions and uses machine learning to deliver property valuations on more than 139 million addresse
Housing Wire
NOVEMBER 16, 2022
Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. In November, builder sentiment in the market for newly built single-family homes fell five points from October , ending at 33 points — less than half the level it was six months ago.
Eyes on Housing
NOVEMBER 15, 2022
The prices of building materials decreased 0.2% in October (not seasonally adjusted) following a 0.5% decline in September according to the latest Producer Price Index (PPI) report. The index has decreased four of five months for the first time since 2015. The PPI for goods inputs to residential construction, including energy, was led 0.2% higher by prices of diesel fuel (+9.5%).
Lamacchia Realty
NOVEMBER 4, 2022
Cyndi Deshaies has officially qualified for the highly sought-after distinction of President’s Club ELITE! While Cyndi has qualified for the Lamacchia Realty President’s Club for 2 years in a row , this is her first year achieving the ELITE level by surpassing 50 transactions in 2022! After joining the company in 2018, she quickly grew her business no matter what obstacle life put in her path.
Eppraisal
NOVEMBER 25, 2022
In the previous installment, readers discovered that there are profits to be realized when investing in properties with affordable housing units. In addition, landlords who do so are providing a service to the community. So, owners accept lower rent payments from qualified tenants while receiving funding and/or tax benefits from the federal government.
BiggerPockets
NOVEMBER 19, 2022
Most economists agree: Housing prices are expected to fall, nearing a bottom sometime between 2024 and 2025 before rebounding. That’s the opinion of analysts at Goldman Sachs, Wells Fargo, Moody’s Analytics, Capital Economics, The National […].
Clear Capital
NOVEMBER 14, 2022
How do you feel when an appraisal revision request pops up in your inbox in the morning? Frustrating, right? You already painstakingly checked your appraisal report the previous night before hitting ‘send’ and now you’re on your screen the next day, making revisions to the same report under a tight deadline! . As an appraiser, your time is valuable, and post-delivery requests are time-consuming.
Housing Wire
NOVEMBER 16, 2022
Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a measure of mortgage loan application volume, increased 2.7% for the week ending November 11, according to the Mortgage Bankers Association (MBA).
Eyes on Housing
NOVEMBER 1, 2022
Higher interest rates are pricing out some (not all) buyers, but also transforming remaining prospects into active buyers. In the third quarter of 2022, 59% of prospective buyers had moved beyond the planning phase and become fully engaged in the buying process, up from 46% in the first quarter and 49% in the second quarter of the year. The share.
Lamacchia Realty
NOVEMBER 22, 2022
We are thrilled to announce that Beth Byrd , a well-known and highly respected Leader and REALTOR® in the Connecticut real estate industry, has joined Lamacchia Realty. Beth joined alongside Gina Shumilla as the first two Leaders and REALTORS® to head the new Lamacc hia Realty Connecticut expansion plans. Beth’s nearly ten years of experience in the Connecticut real estate market combined with years of sales experience prior helped form her into an expert in the local industry and a top-notch me
Eppraisal
NOVEMBER 15, 2022
Professional-quality still photos are one of the most important marketing tools used in listing homes for sale. According to an article published on April 14, 2021, on Statista.com, "In the 2018 survey, 93 percent of home buyers used online websites when searching for a home in the United States." That number is even higher today. Taking it a step further, videos and virtual tours are now trending more than ever in the world of real estate listings.
Mashvisor
NOVEMBER 3, 2022
If you’re not yet aware of recent market news, home prices are cooling down. As a result, homebuilders expect a similar market slowdown in 2023.
Mortgagebroker News
NOVEMBER 28, 2022
Check out the annual list of the leading mortgage professionals across the UK, Canada, the US, Australia and New Zealand combined
Housing Wire
NOVEMBER 10, 2022
Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! So, the question is, are we reaching the peak of inflation and close to the end of the Fed rate hike cycle? Let’s take a look at today’s data.
Eyes on Housing
NOVEMBER 18, 2022
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2022 single-family attached starts totaled 38,000, which is 12% higher than the third quarter of 2021. Over the last four quarters, townhouse construction starts totaled 152,000 units, 7% higher than the prior four quarter total (142,000).
Lamacchia Realty
NOVEMBER 10, 2022
Kate Perrine has officially qualified for the 2022 Lamacchia Realty President’s Club by selling 33 homes this year! This is her second year in a row qualifying for the prestigious distinction, and she is also a member of the 2021 President’s Club ELITE. Kate is the winner of the 2021 Most Transactions award in the Chelsmford office and was also named a Top Producer in 2021.
Eppraisal
NOVEMBER 22, 2022
As a rule of thumb, investors in rental properties look for tenants who pay rent consistently and have the pockets to pay decently. This assures steady income and financial security. Yet there is a segment of the population that also represents profitability even though they have few funds to spare. When all the numbers are crunched, landlords who reserve some or all of their units for low to medium-income individuals and families can actually realize significant financial gain.
Mashvisor
NOVEMBER 24, 2022
Single-family housing starts fell more than expected in Q3 2022, forcing developers to brace themselves for more declines in the next few weeks.
Mortgagebroker News
NOVEMBER 23, 2022
The market is still reeling from the pronounced slowdown seen in the overall Canadian housing sector this year, new report says
Housing Wire
NOVEMBER 9, 2022
While mortgage rates are high and economic uncertainty looms, there is good news for borrowers who already have a mortgage and may be looking to tap into their equity. According to Black Knight’s mortgage monitor report, the country’s housing equity position remains strong compared to its position at the beginning of the pandemic, with equity positions $5 trillion, or 46%, above pre-pandemic levels.
Eyes on Housing
NOVEMBER 17, 2022
Single-family built-for-rent construction leveled off during the third quarter of 2022 as the overall housing market slowed. This occurred after an exceptionally strong second quarter for rental housing production. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 16,000 single-family built-for-rent (SFBFR) starts during the third quarter of 2022.
Housing Wire
NOVEMBER 4, 2022
On Friday, the Bureau of Labor Statistics reported that 261,000 jobs were created and we had 29,000 positive revisions to prior reports. This means the honey badger labor market will keep the Federal Reserve from pivoting anytime soon. . This has been a theme of mine lately. Since all my six recession red flags are up, the only data lines that I am focusing on regarding the cylce of economic expansion to recession are job openings and jobless claims data.
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